With expansion plans at Chevron’s two key Israeli gas fields Leviathan and Tamar gathering momentum, concept selection due at Cyprus’ Aphrodite, and a gas discovery with the company’s first ever offshore Egypt well, the East Med has become a “high priority” for Chevron.
Chevron, like its US supermajor counterpart ExxonMobil, has focused its upstream efforts close to home in recent years, on the Permian basin in particular (MEES, 3 February). But Exxon has a key overseas ‘side bet’ in the deepwater off Guyana and Brazil. Comments from Chevron executives indicate they see the East Mediterranean fulfilling the same role.
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